Gatos Silver surges as Q1 production tracks to top end of guidance

seekingalpha04-10

Gatos Silver (NYSE:GATO) +4.6% in Wednesday's trading to near its highest level since January 2022 after reporting Q1 silver equivalent production of 3.7M oz, roughly flat compared to the year-earlier...

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Higher than anticipated silver grades, combined with an 11% Y/Y increase in mill throughput rates to 3.21K metric tons/day, contributed to the strong production level compared with guidance for Q1 2024, as the higher throughput offset lower grades for silver, lead and gold as expected in the mine plan. Gatos  said mill throughput in March averaged 3,360 tons/day, the company's best monthly performance on record. The miner said increased mill throughput rates were the result of \"continued debottlenecking and optimization efforts focused on achieving higher mining rates through increased productivity and improved mine plan flexibility.\"  Q1 silver production fell 2% Y/Y to 2.37M oz, while output of zinc, lead and","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4210":"白银","GATO":"Gatos Silver, Inc."},"translate_title":"随着Q1产量接近指导的顶端，Gatos白银价格飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GATO":1},"content_text":"Gatos Silver (NYSE:GATO) +4.6% in Wednesday's trading to near its highest level since January 2022 after reporting Q1 silver equivalent production of 3.7M oz, roughly flat compared to the year-earlier quarter and tracking to the top end of prior guidance for FY 2024 output of 13.5M-15M oz. Higher than anticipated silver grades, combined with an 11% Y/Y increase in mill throughput rates to 3.21K metric tons/day, contributed to the strong production level compared with guidance for Q1 2024, as the higher throughput offset lower grades for silver, lead and gold as expected in the mine plan. Gatos (GATO) said mill throughput in March averaged 3,360 tons/day, the company's best monthly performance on record. The miner said increased mill throughput rates were the result of \"continued debottlenecking and optimization efforts focused on achieving higher mining rates through increased productivity and improved mine plan flexibility.\"  Q1 silver production fell 2% Y/Y to 2.37M oz, while output of zinc, lead and gold increased by 13%, 7% and 1% Y/Y, respectively.  More on Gatos Silver  Gatos Silver: Why I'm Taking Profits Again Gatos Silver: Attractive Entry Point In Sight, But Patience Required Seeking Alpha's Quant Rating on Gatos Silver","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426541300"}